MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0011795
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Mad (India) Private Limited - media and publishing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.67 Cr
▼ 19% YoY
Net loss · FY 2024
₹60.53 Lakh
Net margin -10.7%
EBITDA · FY 2024
₹34.35 Lakh
EBITDA margin 6.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹70.12 Lakh
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
3
Provident fund records
About Mad (India) Private Limited
Data last updated:
Mad (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the advertising and media services segment of the media and publishing sector. It was incorporated on 30 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2009PTC196787. Its GSTIN is 27AAHCM5660Q1ZQ (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Neeta Manish Thakker and Manish Tulsidas Thakker.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.67 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹60.53 Lakh (net margin -10.7%) and EBITDA of ₹34.35 Lakh (EBITDA margin 6.1%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 32% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹70.12 Lakh on record. Court records list 29 cases involving the company, including 16 filed by the company and 13 filed against it; 13 cases are pending.
Mad (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0011795). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website madindia.net.
Company details
CIN U74999MH2009PTC196787
Registration Number 196787
Incorporation Date 30 October 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0011795
Recognitions & Rankings of Mad (India)
Contact details
Mad (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is madindia.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address301 3rd Floor Flying Colours Nr Mulund Check Naka D Upadhyay Marg Mulu, Nd(West), Mumbai, Maharashtra, India – 400080
- IndustryMedia and Publishing, Advertising Agencies & Media Services
To see the full contact details of Mad (India) Private Limited, buy the company report.
Comprehensive company report
Mad (India) Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Mad (India) is professional, scientific and technical activities. In detail, this covers advertising and market research.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 73 | Advertising and market research |
To see the full business activity and turnover split of Mad (India) Private Limited, buy the company report.
Financials of Mad (India) Private Limited
FY 2025 filings availableMad (India) Private Limited reported revenue of ₹5.67 Cr (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹5.67 Cr ▼ 19%
Net loss · FY 2024
₹60.53 Lakh margin -10.7%
EBITDA · FY 2024
₹34.35 Lakh margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 10%
5 years · compounded
▼ 32%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 22%
5 years · compounded
▼ 35%
Revenue has declined at a compounded annual rate (CAGR) of 32% over five years, including a 19% fall in the latest year. EBITDA fell 21% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹34.35 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹60.53 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | -10.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Mad (India) Private Limited, buy the company report.
Board of directors of Mad (India) Private Limited
Mad (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeta Manish Thakker | Director | 31 Mar 2013 | 13 Years 6 Months | Current |
| Manish Tulsidas Thakker Also directs: Jugaad Advertising Private Limited | Director | 30 Oct 2009 | 16 Years 11 Months | Current |
Auditor
Mad (India) Private Limited is audited by R. C. Jain & Associates LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. C. Jain & Associates LLP | FY 2020 | 103952W/W100156 |
Shareholding
The shareholding of Mad (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mad (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹70.12 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Feb 2021 | 100448594 | Others | ₹70.12 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Mad (India) Private Limited has 29 court cases on record: 16 filed by Mad (India), 13 filed against it. 13 cases are pending and 16 are disposed.
Total cases
29
Filed by the company
16
Filed against the company
13
Pending
13
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 6 | 9 |
| High courts | 7 | 7 | 4 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Bennett Coleman and Co Ltd | Pending |
| Bombay High Court | Court case (COMEX) | Filed against the company by Bennett Coleman and Co Ltd | Pending |
| High Court, MAHARASHTRA | Company petition | Filed against the company by Bennett Coleman and Co. Ltd. | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Sai Estate Consultants Chembur Pvt. Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss case SW) | Filed by the company against M/S. Grassroot Nutrition Pvt Ltd and 2 Ors and 2 others | Pending |
To see the full case history of Mad (India) Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mad (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mad (India) Private Limited has a workforce of 3 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-62.5%
GST
Mad (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM5660Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mad (India) Private Limited, buy the company report.
Recent activity
Mad (India) Private Limited has 5 board changes on record since 2009: 2 appointments and 3 cessations. The latest: Falguni Piyush Thakker ceased to be Director on 21 Nov 2018.
AGM
Mad (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Mad (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 70.12 Lakh with Charge ID 100448594 was registered on 02 Feb 2021.
Ceased
Falguni Piyush Thakker ceased to be Director.
Ceased
Piyush Tulsidas Thakker ceased to be Director.
Ceased
Jatin Ashwin Kotak ceased to be Director.
Appointed
Neeta Manish Thakker was appointed as Director.
Appointed
Manish Tulsidas Thakker was appointed as Director.
Incorporation
30 Oct 2009
Mad (India) Private Limited was registered on 30 Oct 2009 with Roc Mumbai & aged 16 years 11 months as per MCA records.
Frequently asked questions
Mad (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in advertising agencies and media services, within the media and publishing industry. It was incorporated on 30 October 2009 (17+ years old) and is registered under CIN U74999MH2009PTC196787.
Mad (India) has 2 current directors:
- Neeta Manish Thakker - Director
- Manish Tulsidas Thakker - Director
The latest financial statements of Mad (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mad (India) is 27AAHCM5660Q1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mad (India) is U74999MH2009PTC196787. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mad (India) has 29 court cases on record: 16 filed by the company and 13 filed against it. 13 are pending. Most are in the district courts.
Mad (India) was incorporated on 30 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Falguni Piyush Thakker ceased to be Director on 21 Nov 2018. Piyush Tulsidas Thakker ceased to be Director on 21 Nov 2018. Jatin Ashwin Kotak ceased to be Director on 31 Mar 2013. Mad (India) has 5 board changes on record in total.
Yes, Mad (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0011795).
Mad (India) can be reached through the website madindia.net. Its registered office is in Mumbai, Maharashtra, India.